I bought a lot of these at 0.31c , 0.22c and 0.08c and had always hoped Junefield the major shareholder would fund Mariella ( as they did ) and then fund Guadolapito .
SO from a long term holder even though the stock has risen a little most holders are way way under water at anything less than 0.20c and will hold .
The Guado project is the biggie in my view , but one never knows if the Illo drill results are good or they come up with a funding partner in Brazil I may be wrong .
Back of the envelope numbers on Guado , looking at Magnetite or Andusalite are almost so big it seems the calculator has malfunctioned . A JV partner is the key as the cost to produce this size of a project would be $100m Plus and not beyond a Junefield or Cape Lambert the 2 biggest shareholders but is definitely well beyond MHM market cap or funding capability .
If a JV partner can be found whom funds the plant build , maybe gets an off take agreement and LRS keep 30-50% of net production proceeds then the 7 odd cents price they are now
will also seem like a calculator malfunction in my view .
The numbers I assumed that got me excited were based on the JORC on Guado .
That JORC initially saw the price move to over 0.45c , but delays and a poor resource market has seen it fall away .
Happy to discuss the numbers for those new to the stock
C
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $363.9M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 12.5¢ | $755.8K | 5.910M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 378977 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 109597 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 378977 | 0.125 |
31 | 1310761 | 0.120 |
16 | 963134 | 0.115 |
18 | 1507636 | 0.110 |
6 | 1178753 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 109597 | 4 |
0.135 | 734278 | 11 |
0.140 | 1362329 | 14 |
0.145 | 537100 | 13 |
0.150 | 671191 | 14 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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